Job Market Monitor
Politics & Policies
COVID in US – Will the Coronavirus Aid, Relief, and Economic Security Act help?
Will the CARES Act ( Coronavirus Aid, Relief, and Economic Security Act) help? The CARES Act is a good start. It includes significant funding spread out in a variety of ways to help sustain the economy while people practice safe distancing to defeat COVID-19. The additional pandemic unemployment assistance provided to the self-employed and others … Continue reading
Jobs after COVID in US – Retooled for the Twenty-First Century?
In my 2016 book, Failure to Adjust: How Americans Got Left Behind in the Global Economy, I told the story of how economic globalization caught the United States off-guard. For most of our history, we were a reasonably self-sufficient economy, with an expanding domestic market that was more than large enough to exploit economies of … Continue reading
Unemployment Benefits in US – The Efficacy of Enhanced UI by St. Louis Fed
KEY TAKEAWAYS Social-distancing policies to slow the transmission of coronavirus have disrupted economic activity, shuttering firms and throwing many Americans out of work. Providing more generous unemployment insurance benefits to laid-off and furloughed workers can be an efficient, targeted means to help offset their loss of income. Small business loans aimed at keeping workers on … Continue reading
COVID in Canada – The Emergency Wage Subsidy is fixed at 75%
The Canada Emergency Wage Subsidy From: Department of Finance Canada Backgrounder What It Means for Canadian Businesses To help businesses keep and return workers to their payroll through the challenges posed by the COVID-19 pandemic, the Prime Minister, Justin Trudeau, proposed the new Canada Emergency Wage Subsidy. This would provide a 75 per cent wage … Continue reading
COVID-19 and Social Dialogue – The wage subsidies idea
Government must introduce wage subsidies as a key means to protect jobs Our key demand is that government provide wage subsidies for short-time working and temporary layoffs. Government should learn from examples across Europe and introduce an immediate package across the economy to protect jobs. As we recommend below, Government should immediately convene a taskforce … Continue reading
COVID-19 in Canada – Programs for those who lose their jobs are insufficient
Editorial – In Canada and Québec, governments have announced a series of insufficient programs geared toward employment insurance and its meagre 55% of insurable salary. Here’s what’s happening elsewhere, such as in the United Kingdom where the government will pay up to 80% of the salary of those who lose their jobs. @ https://jobmarketmonitor.com/2020/03/22/covid-19-and-jobs-in-uk-government-to-pay-80-of-wages-for-those-not-working/ The House … Continue reading
COVID-19 and Jobs in UK – Government to pay 80% of wages for those not working
The government is to pay the wages of millions of workers across Britain to keep them in jobs as the economic fallout from the coronavirus outbreak escalates. In an unprecedented step for the British government, the chancellor, Rishi Sunak, said the state would pay grants covering up to 80% of the salary of workers if … Continue reading
COVID-19 – Three reasons why $1000 a month is not a good idea
Another proposal to provide relief would give $1000 to every American adult. This has been proposed by Senator Mitt Romney and former Obama-administration economist Jason Furman. The total cost would amount to $252 Billion. While that aid would surely be useful to many Americans, and the simplicity of it would facilitate timely administration, there are … Continue reading
COVID-19 in US – What comes next as economic policy response
The Federal Reserve has cut interest rates to zero, and while it has other tools to stimulate the economy, a crisis like this requires fiscal as well as monetary responses. The legislation passed thus far has been important, but another round of fiscal policy will be required immediately to fully address this crisis. A robust … Continue reading
COVID-19 – How cities are helping workers and small businesses
Worker protections are a critical first step in any city-level economic stabilization plan. To prevent the spread of the virus, workers must not be forced to choose between supporting their families and following proper safety and health protocols; thus, new laws are needed. On Tuesday, the Washington, D.C. city council will vote on emergency legislation … Continue reading
COVID-19 in Canada – EI reforms needed to protect more workers
A briefing note released today by the Canadian Centre for Policy Alternatives (CCPA) recommends critical changes to the federal employment insurance (EI) program that could be rapidly deployed in order support more vulnerable workers amid the growing COVID-19 pandemic. The new analysis looks at which workers are least likely to have access to paid leave … Continue reading
Youth Employment Services – Adapting them to young people
Public Employment services (PES) are constantly seeking innovative ways to deliver more effectively to young clients. However, it is often a challenge to find the best means to reach young jobseekers, particularly those most in need of their services. Many young jobseekers might not be aware of the support that is available to them, and … Continue reading
Increasing the Federal Minimum Wage – An interactive tool that allows users to explore the effects of policies by CBO
The federal minimum wage of $7.25 per hour has not changed since 2009. Increasing it would raise the earnings and family income of most low-wage workers, lifting some families out of poverty—but it would cause other low-wage workers to become jobless, and their family income would fall. This interactive tool allows users to explore the … Continue reading
National Job Guarantee in US – Considerable uncertainty associated with its impacts
Despite a relatively strong U.S. economy in late 2018, many workers continue to experience stagnant wages and underemployment. In response, policy interventions like subsidized wages, training and search assistance, expanded public employment, and federal guarantees of employment have all been proposed, but relatively little is known about how a federal job guarantee would function. We … Continue reading
Apprenticeship in UK – Understanding recent changes
In 2017 there was overhaul to the apprenticeships system in England: large firms were required to pay 0.5 per cent of their wage bill into an apprenticeship levy, while regulations on training and delivery were firmed up. Two years on, this briefing note takes stock of the system, looking at what’s changed, why and where … Continue reading
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